₦airaland Forum

Thank you very much for the details explanation however pls how do one calculate true yield or interest for 5 year lockdown of 14million at 14.5%. Let me also ask the different between FGN Bond have 2 coupon per year while the new FGN saving bond have 4 coupon in a calendar year. I will appreciate the true yield of the invested amount. Thanks

awesomeJ:
I think Unite4real is in a better position to put you through, because unlike me, he's had an experience with bonds investment.
However let me say the little I know regarding it. The DMO sells the bonds, and you can only deal with them through people they refer to as primary dealer market makers PDMMs which most commercial banks are. So you get the application form from your bank, fill it, submit, and get your account funded to the tune of the investment, because unlike t-bills, you will be debited to the full amount of the investment with no interest payment until after 6 months. To buy from the primary market, you'd have to work with the DMO's bond calendar for the quarter. However if you have enough funds(perhaps up to 100mills) you can buy on any day from brokers in the secondary market. From the current calendar, there'll be bond offers by the DMO on April 12, May 10, and Jun 21. There are 14.5% 5-year, and 16.28% 10-year bonds which are reopening 5,10-year bonds on these dates, however there's a fresh 20-year bond on offer too. For the reopening bonds, the coupons are already fixed at the indicated rates, but happenings at the bond auction determines the yield on the bond, which in effect determines how much you'll pay to buy the bond. Your returns may eventually be higher on lower than the indicated coupon rate, depending on what happens at the auction. However, for the new 20-year bond, it will only be a new issue on April 21, subsequently it becomes a reopening bond. Being a new bond issue, the coupon isn't fixed yet, so happenings at the auction will determine the coupon rate, if you decide to buy this bond, your returns will be the same as the coupon rate. Sorry for the long note. Bonds just tend to not be as simple as T-bills are. The major advantage is that you get to lock down on a high yield for long. Imagine buying a 20-year bond now at 17%, and come 2019, a new CBN Gov who happens to be an ex ECB* manager decides to enforce a single-digit interest rate regime, fixing MPR at 2%, the bond investment you make now would turn out to be one of the best investment decisions you ever make.
*European central bank.

awesomeJ:
I think most banks will yet offer rates that are within 200 basis points of CBN's stop rate. StanbicIBTC and FBN should be among the top 5 offering the most attractive rates. competition will eventually moderate their actions as per ripping off. not just inter bank, but also intra market competition, if they should try ripping off excessively, it won't be long before smart investors start boycotting their offers for other instruments in the market. I think what really poses more threat to money market rates right now is the news of inflation tapering. I think beginning from Q2'17, we could start seeing inflation figures below 17% partly due to the fact that there's already a high Q2'16 base. The new FX policy is also expected to in the least prevent any further worsening in the inflationary trend. I expect the MPC to hold rates in their upcoming meeting this month, but perhaps when they meet in May, they may want to consider a cut, which will signal the beginning of a lower money market rates period. remember this era of high rates has been on for about 9 straight months since June 2016, basically because the CBN was hoping to attract FPIs with it, so by May, they may think that it's time to reconsider the decision since, it's really done nothing but increase the debt service cost of the FG.
Bottom line, whoever has spare cash would be better off doing long-tenor T-bills, or[b] normal FGN bonds[/b] to lock up on these current rates, because rates could start crashing after May's MPC meeting. Let's not let this current sweetness make us forget that we have cycles in this market of ours. Nice night to everyone. God bless.

How can one buy the normal FGN BOND. Thanks

Good day pls how do you calcite your payout for the 8million. thanks

unite4real:
Bros, Feb2020 FGN Bond coupon payment is 15.54%, locked down till 2020.

Coupons are paid in February and August every year since the year 2015.


N8 million naira bond gives me a total of N1,243,200 as annual interest. Interest is paid twice ie February coupon is N621,600. August Coupon is N621,600.

My house rent is 600K and its paid in September annually. Child skool fees for the year is not over 300K.

The difference goes back into Treasury Bills with other incomes.

By February 2020, my N8 million will be credited back to me with the last coupon payment of N621,600. (Bullet payment)

note that the N8 million naira was an aggregate of different TBills i have bought over the years which i locked down for a long term bond.

This is one of more.

Each year, the University of Southern California brings delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas.

Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees at the African Global Economic and Development Summit, unable to attain visas.

"Usually we get 40 percent that get rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so disheartened."

Flowers estimated that she lost about 100 attendees, including speakers and government officials. The countries affected included Sierra Leone, Guinea, Ghana, Nigeria, Ethiopia and South Africa.

'A discrimination issue'

"I have to say that most of us feel it's a discrimination issue with the African nations," said Flowers. "We experience it over and over and over, and the people being rejected are legitimate business people with ties to the continent."

A request for comment from the State Department was not immediately returned.

Flowers said those who were denied visas were called for embassy interviews just days before they were supposed to travel, despite having applied weeks or even months ahead of time.

One of those denied a visa was Prince Kojo Hilton, a Ghanaian artist whose work includes special effects and graphic art. He paid his $500 fee to attend the event and was asked to lead a session on filmmaking. But he held off buying his plane ticket until his appointment at the embassy on March 13, four days before he was supposed to travel.

"I was really disappointed when I went to the embassy," Hilton said in an interview with VOA.

Travel ban

It remains unclear why all of the Africans heading to the event were denied visas this year.

Diane E. Watson, who formerly represented a Los Angeles-area district in Congress, said she had called the State Department to ask for information about the denial of visas for would-be delegates to the USC summit. But the State Department isn't allowed to discuss individual visa cases.

With the heightened attention on foreign nationals coming to the U.S., there have been stories of more visas being denied to people from countries other than those named in the Trump administration's executive orders. But visas are routinely denied by U.S. embassies without explanation.

If there has been an increase in the number of visas rejected under the new administration, it's hard to verify. The publicly available State Department data dates only to late




http://www.voanews.com/amp/3770907.html..

Having read from both sides here is my take on the Matter:

1. Relationship existed between both of them
2. Why did the girl arrested and what ground was the arrest made
3. The pastors defence of the saga was weak
4. The girl is a gold digger and when you are not faithful you will fall to such girl hand.
5. Some external factors involved
6. Where is the alleged first pastor blackmailing the man in the first place.
Finally the matter will be settle out of court why the girl will sign undertaken not to say anything more about the case intact she is going to say she say that to punish the man for promising her marriage.
Power that be will have handy scandal to make sure the pastor follow their way.
For those people calling on keyamo he a good lawyer and he will not call news men without having damage control in place.

Peace to you all.

I will like to share my building from foundation to Intel level and welcome any more input from guru in da house:-)

Good job guys it's good to actually read from people supervise their own project and lot info share here priceless. Keep it up guys

[color=#006600][/color]

berexio1:
Elect/Elect? With ur CGPA and a good statement of purpose and CV, u can get into a top school in canada. Schools with high admission tendencies are Uregina,Umanitoba,Uwaterloo,Carleton, UCalgary..Look them up and decide. Package well, u will get your admission God-willing..

Cheers!

Hello guys its really nice to read a lot information even the visa agent don't even know..my first time of comment even though been following the trend for long time and Justwise and other moderator did a good job...Kudos Guys